$7000 Pay Down

Questions$7000 Pay Down
Clarita Horan asked 4 years ago

Hey guys I have a USAA signature card with a credit limit of $ 19,800 on it. My utilization on that card is currently $ 17,000 and it’s been holding me back from getting any new lines of credit. In my defense the utilization is so high because we use that card to renovate our home. It has cash rewards and a very very low interest rate.
I’m about to put $ 7,000 down on that card do you guys think that’s enough of a utilization reduction to get a new card from Chase?

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